Senior Business Analyst - Commercial Credit Risk

Capital One
New York, New York, United States
Jun 05, 2023
Jul 05, 2023
Full Time
NYC 299 Park Avenue (22957), United States of America, New York, New York

Senior Business Analyst - Commercial Credit Risk

Situated within Commercial Credit Risk and Analytics, the Commercial Loss Forecasting team is responsible for projecting loan losses (net charge-offs) on Capital One's ~$140 billion portfolio of Commercial loans. The team synthesizes quantitative and qualitative information on portfolio credit quality through the use of statistical models and the analysis of portfolio, market, and economic trends. The ultimate product is a forecast that distills this broad set of information into holistic measures of the most important credit risks for the Commercial Bank. The team's key deliverables include setting the Allowance for Credit Loss, running annual regulatory stress testing exercises, and setting the internal budget for net charge-offs.

The Senior Business Analyst will be responsible for the execution, analysis, and presentation of the Commercial credit loss forecast, primarily within the quarterly Allowance for Credit Loss process. The analyst will assume ownership of forecast sub-processes, contribute to team discussions on credit risks, and design/implement forecast improvements. Further, the analyst will be expected to build relationships across the Commercial Bank, Risk, and Finance organizations in order to build buy-in for key loss forecasting decisions.

The analyst will:
  • Assess the likelihood and severity of the top Commercial credit risks, covering technical drivers (e.g. correlation of defaults) and behavioral/business drivers (e.g. supply/demand shocks for specific products/services) of potential credit loss
  • Synthesize information from a variety of sources, including the outputs of statistical credit models, market/industry data and research reports, and expert credit judgment from senior Commercial Bank and Credit Risk leaders
  • Integrate the outputs of the framework into key downstream usages, including the high-profile credit loss reserve
  • Analyze multi-million row datasets and produce data visualizations that effectively communicate results to non-technical audiences

General Responsibilities:
  • Analysis: Identify business challenges and opportunities for improvement and solve for them using analysis to make strategic or tactical recommendations
  • Credit Risk: Provide insights into credit performance by connecting drivers of future consumer credit trends to historical behavior, leveraging risk models, and testing hypotheses using rigorous monitoring and analysis
  • Execution: Involve problem frameworks, develop hypotheses, test and analysis, solution development, scope operational feasibility, lead implementation efforts and develop a monitoring plan
  • Partnership: Work closely with colleagues across Capital One including: IT, Risk functions, Finance and others to drive improvement in the loss forecasting process.
  • Strategic & analytic orientation: A proven track record of decision making and problem solving based on analytics. Conceptual thinking skills must be complemented by a strong quantitative orientation, given that a large part of the business is based on rigorous analytic marketing & credit risk management
  • Strong business judgment, leadership and integrity: Should be a tenacious decision maker, able to bring a healthy, aggressive, yet responsible approach to business
  • Strong communication skills: Impeccable written and oral communication credentials, coupled with strategic influencing skills and the ability to drive agreement through intellect, interpersonal and negotiation skills
  • Clear results orientation: display an intense focus on achieving both short and long term goals. Should be able to drive and execute an agenda in an uncertain and fluid environment
  • Successful track record of thriving in a fast paced, entrepreneurial and dynamic environment. Previous consulting experience is a plus

Basic Qualifications:
  • Bachelor's Degree
  • At least 1 year of experience in analysis

Preferred Qualifications:
  • Master's Degree in Business or quantitative field such as Finance, Economics, Physical Sciences, Math, Statistics, Engineering
  • 1+ years of experience in Statistical model building
  • 1+ years of experience in market research
  • 1+ years of experience in SQL querying
  • 2+ years of experience in business analysis
  • 1+ years of experience in consulting

Capital One will consider sponsoring a new qualified applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

New York City (Hybrid On-Site): $112,400 - $128,300 for Sr. Business Analyst

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).